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Saturday, February 19, 2005

Raising FICA To Finance Destruction of Social Security?

Matthew Yglesias claims "The proposal being floated is not a proposal to raise taxes in order to fully pay promised benefits. Instead, the proposal being floated is a proposal to raise taxes in order to finance the transition to a system that would radically reduce government expenditures for decades to come. Slightly higher taxes in the near future would pave the way for dramatically lower taxes down the road, not to mention the gutting of the New Deal's crown jewel." READ MORE:


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